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Reptor Reptor
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5 years ago
Which of the following bonds will have the highest yield-to-maturity if all three bonds appear identical to investors in terms of risk, liquidity, information costs, and tax treatment?
A) one with a coupon of $50
B) one with a coupon of $100
C) one with a coupon of $200
D) none of the above
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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vehmeinvehmein
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